The Federal Government of Brazil has signed lease contracts for four liquid port terminals in the Port of Itaqui in Maranhão in northeast Brazil.
The government says that the new leases guarantee private sector investment of BRL 611.9 million (€98.6 million). The leases for the four terminal sites, IQI03, IQI11, IQI12 and IQI13, were auctioned to private sector companies in April. IQI03 and IQI11 have existing infrastructure, while IQI12 and IQI13 are greenfield sites upon which the new lessee will develop new terminals.
Brazilian logistics company Santos Brasil bought IQI03, IQI11, and IQI12. IQI03 is a brownfield site with one tank with a capacity of 20,406 m³. Santos expects to invest BRL 106.5 million in the site to increase the tank capacity to 46,406 m³, improve road and rail access and in new routing to the public berths of Itaqui. IQI11 has one tank with a capacity of 34,416 m³. Santos will invest BRL 133.3 million to expand capacity to 64,897 m³ and will again improve road and rail access and instigate new routes. IQI12 is a greenfield area with an estimated final capacity of 78,724 m³. Santos plans to invest BRL 177.2 million in the site.
Ultracargo, Brazil’s largest bulk liquids storage company, bought IQI13. It plans to invest BRL 178.5 million to build a terminal with an estimated storage capacity of 78,724 m³.
‘This ceremony is extremely significant. Now that the projects are starting to be developed, we already foresee that the value of the investment will exceed what was initially planned,’ said Tarcísio Gomes de Freitas, Brazil’s infrastructure minister, at the contract signing.
The Port of Itaqui handles 5.9 million tpa of oil, which is its main cargo, and the government expects this figure to reach 17.9 million tpa by 2060.